Understanding Supply Chain Disruptions

What is one of the main reasons for the current shortages in stores?

• A decrease in consumer demand

• A rise in online shopping

• An increase in local production

• A new 145% tariff on imports from China

How are major retailers like Walmart and Amazon responding to the supply chain issues?

• By reducing their product range

• By meeting with government officials to discuss concerns

• By closing some of their stores

• By increasing their advertising budget

What challenge are smaller businesses facing due to the tariffs?

• Increased competition from larger retailers

• Unexpected tariff bills that strain their finances

• A decrease in customer loyalty

• Difficulty in hiring new employees

What impact is the supply chain disruption having on the trucking industry?

• An increase in fuel prices

• An increase in driver wages

• More job opportunities for drivers

• A decrease in demand for trucking services

What is a potential economic outcome mentioned in the video due to the supply chain issues?

• A potential recession by the summer

• A significant decrease in inflation

• A rise in employment rates

• A boom in the housing market

What are some companies doing to adapt to the supply chain challenges?

• Focusing solely on domestic markets

• Reducing their workforce

• Shifting production to countries like Vietnam and India

• Increasing their reliance on Chinese imports

Why is there a problem of trust among businesses during this supply chain disruption?

• Due to uncertainty about future regulations

• Because of unreliable suppliers

• Because of increased competition

• Due to a lack of consumer interest

What advice is given to consumers to cope with potential shortages?

• To start panic buying immediately

• To only shop online

• To plan purchases ahead and support local businesses

• To avoid shopping altogether

How can consumers help each other during these uncertain times?

• By hoarding essential items

• By sharing information about local shortages

• By only shopping at large retailers

• By avoiding all social interactions

What is a suggested action for those on a fixed income during the supply chain issues?

• To take out large loans

• To build a small cushion of essential items

• To travel frequently

• To invest heavily in stocks